- Professional News
- 30 May 2013
Amendment to the Danish Competition Act introducing fees on merger notifications adopted
On 30 May 2013 the Danish Parliament has adopted a proposed amendment to the Danish Competition Act introducing fees on merger notifications. The amendment enters into force on 1 August 2013.
As of 1 August 2013, a fee of DKK 50,000 will apply to short-form notifications. For regular merger notifications, the fee will amount to 0.015 per cent of the combined turnover in Denmark of the undertakings concerned, though the fee cannot exceed DKK 1.5m.
The proposed amendment is expected to take effect on 1 August 2013.
For further details, reference is made to our previous news bulletin on the amendment.